Department of Numbers

Terre Haute, Indiana Home Affordability

The data below measures home affordability for the Terre Haute, Indiana metropolitan area using price-to-income and price-to-rent metrics.1 The maximum affordable loan amount for the median household income is also calculated. You can also compare Terre Haute home affordability to other cities.

Terre Haute, Indiana Home Price-to-Income Ratios

The second chart shows a history of the ratio as an index calculated from the Federal Housing Finance Agency's Terre Haute HPI series. Median household income data for Terre Haute is from the Census American Community Survey.

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Terre Haute, Indiana Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2011 102.1
September 2011 102.3
June 2011 101.5
March 2011 99.8
December 2010 103.4
September 2010 103.8
June 2010 102.5
March 2010 99.2
December 2009 111.2

Terre Haute, Indiana Home Price-to-Rent Ratios

The chart below shows an index of the rent ratio calculated from the metro FHFA HPI series and the Terre Haute median contract rent data from the Census ACS.

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Terre Haute, Indiana Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2011 87.9
September 2011 88.1
June 2011 87.4
March 2011 85.9
December 2010 89.0
September 2010 89.4
June 2010 88.3
March 2010 85.4
December 2009 97.6

Terre Haute, Indiana Inferred Affordable Mortgage

The inferred affordable mortgage value is determined by taking the median household income for Terre Haute, Indiana and calculating the mortgage 30% of that income could afford. Traditionally, 30% of income is the maximum amount a homeowner could use towards a home loan. Inferred affordable loan values are calculated from ACS median household income and average monthly mortgage rates.

Inferred Affordable Mortgage

Terre Haute, Indiana Inferred Affordable Mortgage History

Date Inferred Mortgage
January 2012 $217,844
December 2011 $216,790
November 2011 $216,005
October 2011 $213,932
September 2011 $212,907
August 2011 $208,877
July 2011 $202,095
June 2011 $203,043
May 2011 $199,985
April 2011 $195,414
March 2011 $195,414
February 2011 $192,967
January 2011 $197,223

1. Specifically, home prices are from the non seasonally adjusted FHFA all-transactions quarterly series. Dollar ratios are calculated using NAR metro prices when available. Rent and income data are from the Census ACS and are carried forward into the following year prior to release of the new data. ↩

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